Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


NZ net migration loss slows in 2012, despite Aussie lure

NZ net migration loss slows in 2012, despite Australia's lure for locals

Feb. 1 (BusinessDesk) - New Zealand's net migration loss slowed last year, despite the lure of a brighter future across the Tasman which continued to attract kiwis.

The country reported a net outflow of migrants for a second calendar year, with annual net migration of negative 1,165 in 2012 from 1,855 in 2011, according to Statistics New Zealand. The slowdown came against a backdrop of some 38,800 more people jumping across the Tasman to Australia, even as the mining boom starts winding down. The UK, China and India provided a net inflow of more than 15,000 people.

"Net immigration was weaker than expected in December, breaking a three month run of positive inflows," said Westpac Banking economist Felix Delbruck in a note. "It's too soon to say if the recent improving trend has stalled - this may just be monthly volatility."

Today's figures also showed flat visitor arrival numbers, with the number of short-term visitors falling 0.1 percent to 364,000 in December and down 1.4 percent to 2.56 million on an annual basis. The number of Chinese visitors climbed 35 percent on the year, with Asian arrivals up 11 percent to 511,000.

European visitors fell an annual 14 percent to 406,000, while Australian arrivals were flat on the year at 1.16 million.

The figures also showed more New Zealanders were taking advantage of the strong kiwi dollar, with more overseas trips. International trips by locals rose 4 percent to 2.17 million in 2012, with the biggest increase in the number of travellers heading to the US. The kiwi recently traded at 83.90 US cents.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news